News

Despite uncertainty in the Middle East and North Africa, U.S. mutual fund net inflows in February gained $29 billion, according to Strategic Insight, an Asset International company.

Fourth quarter defined contribution (DC) participant transfer activity appeared to be driven by momentum market timing, according to the Callan DC Index.

The Fidelity Conservative Income Bond Fund will invest primarily in a combination of money market and high quality, investment‐grade debt securities with short durations.

Broadridge Financial Solutions Inc. announced that Mobile ProxyVote.com is live and compatible with mobile devices.

Once strictly a business model of less-than-luxurious motels, a growing number of luxury hotels are offering hourly rates.  

Towers Watson published a report analyzing investment rates of returns in defined benefit (DB) and defined contribution (DC) plans before and after the recession.

Ascensus named Peter Perdomo to Regional Vice President (RVP) of the South Central territory.

Charles Schwab has developed a “Select List” of exchange-traded funds (ETFs) to help investors choose the best one for their portfolio.  

Merrill Lynch has developed mobile applications for the iPhone, iPad, and BlackBerry devices, for clients of Merrill Lynch Wealth Management and Merrill Edge. 

National law firm Alston & Bird LLP announced that Jonathan Rose has joined the firm as a partner in its Washington, D.C. office.

Russell Investments hired Richard Davies as managing director, defined contribution (DC).

Managed accounts software provider Peridrome found an expected increase in the adoption of models-based distribution and newer products in a recent survey.

The U.S. Department of Labor (DoL) sued Coin Builders LLC of Wisconsin Rapids and its president, Joseph Kreeger, to restore more than $1.3 million plus interest to the...

Wells Fargo’s Institutional Retirement and Trust business has successfully completed all phases of its retirement systems conversion.

Steven Moen joins UBS in the newly created position of Executive Director of Defined Contribution and Retirement Solutions Group.

Perhaps it’s because they’re less likely to have a mortgage or other financial burdens, but Gen Y defines “financial success” as putting money aside for long-term goals, whereas...

Benefit Advisors Network (BAN) has accepted three new agencies into its national network of employee benefit brokerage and consulting firms.

The Securian Financial Group named four executive officer promotions.

Todd Lacey, founder of advisory firm The (k)larity Group, has taken a job with Transamerica Retirement Services and is selling his practice.

National Investment Managers, a retirement plan administration and investment management company, has agreed to be acquired by an entity owned and controlled by Stonehenge Opportunity Fund III.